In the industrial market, many of the strategies for more efficient manufacturing and commerce are driving the growth of integrated intelligence, sensor networks, asset tracking, internet connectivity, M2M communications, and energy measurement and management. Now more than ever, it is critical that decision-makers formulate timely, successful plans for future growth.
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With capital equipment markets slumping the past few years, most suppliers have had to undergo large cost-cutting measures to remain competitive, including rounds of employee downsizing to reduce operating costs. For market leaders, maintaining — even expanding — market share will remain a high priority, as market growth is expected to remain subdued for the foreseeable future.
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Reversing several years of contraction, the industrial automation equipment market is poised to begin growing again. In particular, discrete safety equipment and computer numeric controls are expected to grow significantly faster than the industry average due in part to the rise of industrial IoT as well as to rapid growth in robotics.
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The electric motor and motor control equipment segment is expected to contract slightly this year, repeating the decline seen the last couple of years. The hurdles faced by this troubled segment include a slowdown in commodity demand from China and a tighter financial lending environment for commodity producers, with interest rates rising in the United States and abroad.
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